The year of acquisitions and shareholder escapades continues.
Just today, Chinese developer-publisher NetEase announced it was acquiring Detroit: Become Human dev Quantic Dream, and now Sony Interactive Entertainment and Tencent have increased their stakes in From Software, the prolific developer behind the Dark Souls series and this year’s mega-hit, Ring Elden.
This news comes from Gematsuwho published a Press release from Kadokawa Corporation, the parent company of From Software. It says that through a third-party allocation, Sixjoy Hong Kong, a subsidiary of Tencent Holdings, purchased 16.25% of From Software’s shares, while SIE acquired 14.09%. Despite this, Kadokawa Corporation remains From Software’s largest shareholder, holding 69.66% of the shares.
“Through the implementation of the fund acquisition, From Software will aim to proactively invest in the development of more powerful game IP for itself to strengthen From Software’s development capabilities and will seek to establish a framework that enables the expansion of its own publication’s reach in the rapidly growing global market,” reads a press release. “In addition to these objectives, to increase the number of users in the global market for the intellectual property of games that From Software creates and develops, From Software has decided to proceed with the allocation of third parties to Sixjoy within the Tencent group. , which has the strength of its capabilities to develop and deploy mobile games and other network technologies in the global market, including China, and SIE within the Sony Group, which has the strength of its capabilities to deploy IP in games, videos and various other media in the global market simultaneously and separately.
Sony has been busy this year with acquisitions. He revealed he was buying Bungie, the developer behind the Destiny series, for $3.6 billion earlier this year, then later announced he was acquiring Jade Raymond’s new studio, Haven Studios. And just this week, Sony acquired Savage Game Studios to bolster its PlayStation Studios mobile division. Elsewhere in the industry, NetEase announced the acquisition of Quantic Dream today. Earlier this year, Take-Two Interactive, the parent company behind the Grand Theft Auto series, announced it was acquiring mobile phone giant Zynga for nearly $13 billion. It was the biggest video game acquisition in history for about a week when Microsoft announced the acquisition of Activision Blizzard for a whopping $68.7 billion.